OMV Petrom Upgrades Lighting System in 345 Filling Stations

Romania's top oil and gas group, OMV Petrom [BSE:SNP], said on Wednesday it has spent 2.1 million euro ($2.6 million) on replacing the lighting systems in 345 filling stations with new, energy-efficient ones.

The new, LED-based systems will result in a 50% reduction ofelectricity consumption for lighting in the filling stations, the company said in a statement.

The supplier, local company Electromagnetica, wasselectedfollowing an international tender carried outearlier this year.

The fundingfor this project ispartlyensured through an Energy Efficiency Financing Facility,a grantsupported credit line for Romania offered by the European Bank for Reconstruction and Development(EBRD) and the European Union.Following afinal evaluation of the project by EBRD, a grant consisting of15% of the total value of the investment will be released, OMV Petrom added.

The company is considering extending the project for itsentire network, which comprises about 800 fillingstations.

Source:SeeNews